Electronic Banking Lesson Plan

1.7.2.A2WorksheetScenarioIt is 9:30am and Sara’s phone rings. She quickly answers to make planswith her friends for a Saturday afternoon shopping trip. As she dresses, shebegins to contemplate about how she will pay for her purchases that afternoon.She knows that she could use her debit card in the automated teller machine (ATM)Name___________________Date____________________Class___________________Vocabulary Wordson the way to the mall to get cash or use the point of sale terminals at the stores once shearrives. However, she gave her debit card and personal identification number to her friendNick yesterday so he could borrow money from her. So, her first step is to retrieve the cardfrom Nick.Sara contacts Nick and receives her card. She decides to stop at the ATM on theway to the mall so she can check her account balance to ensure her paycheck was directlydeposited the day before. Sara’s employer gave her the option of using a direct deposit intoher checking account or a payroll card. She was not familiar with a payroll card so sheSafe BankingPracticesdecided to utilize the direct deposit option. In addition, she pays many of her bills usingdirect payment. With all of the deposits and payments happening through one account, it isconvenient for Sara to track her transactions. Sara no longer uses a check book because shefound it difficult to record the checks in her register. Also, with the float time non existentbecause of Check 21, it is not a benefit for Sara to use her checkbook.Sara meets her friends, but before they begin shopping she realizes she forgot topay her cell phone bill prior to leaving home. She is happy that her cell phone companyallows a pay by phone option. Using her debit card, she calls and makes the payment overthe phone.Unsafe BankingPracticesFinally, after taking care of her financial transactions, she begins an afternoon ofshopping with her friends.© Family Economics & Financial Education – Revised March 2008 – Financial Institutions Unit – Electronic Banking – Page 11Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona